TRIESTE, Italy, Aug 20, 2024 – ESTECO, today, pleased to confirm the completion of its acquisition of Optimad Engineering, a company specializing in advanced engineering solutions, Reduced Order Modelling and computational fluid dynamics (CFD). This strategic acquisition enhances our position in the simulation and analysis market and broadens our product portfolio to better serve our global customer base.
The integration of Optimad Engineering’s cutting-edge technologies with ESTECO’s robust suite of digital engineering software solutions promises to offer unparalleled capabilities by combining process automation, design optimization and simulation data management with the AI data-driven technology of Optimad. By bringing together the strengths of both companies, we aim to deliver more comprehensive and innovative solutions to industries including aerospace, automotive, energy, and manufacturing.
“We’re happy to welcome Optimad Engineering to the ESTECO team – Carlo Poloni, our President, commented. – This acquisition marks a significant milestone in our 25 years of creating trailblazing digital engineering software. Specifically, Optimad Engineering’s expertise and technological advancements perfectly complement our mission to empower engineers and designers with the tools they need to innovate and excel.”
Haysam Telib, CEO of Optimad Engineering, added: “This is an exciting new chapter for Optimad Engineering. Joining forces with ESTECO will allow us to leverage their extensive resources and global reach, accelerating the development of our AI data-driven technologies and expanding our impact on the industry. Our combined efforts will provide our clients with more powerful and integrated solutions, enhancing their ability to solve complex engineering challenges.”
The unified portfolio will provide a more cohesive and streamlined experience, enabling engineers to achieve higher levels of performance and innovation. As part of the acquisition, Optimad Engineering will continue to operate from its headquarters in Turin, Italy, ensuring continuity of service for its clients. The integration process will be carefully managed to guarantee a smooth transition, with a focus on maintaining the high standards of service and support that both companies are known for.
About ESTECO
ESTECO is an independent software provider, highly specialized in numerical optimization and simulation data management with a sound scientific foundation and a flexible approach to customer needs. With more than 15 years’ experience, the company supports leading organizations in designing the products of the future, today. ESTECO smart engineering suite brings enterprise-wide solutions for design optimization, simulation data management and process integration and automation with the aim of helping companies excel across this innovation journey. Over 300 international organizations across many different industries have chosen ESTECO to consolidate specialized expertise, streamline teamwork and boost product development. Founded in 1999, the company is headquartered in Trieste (Italy), with offices in Michigan (USA), Pune (India) and an international network of channel partners. For more information, visit www.esteco.com.
